Equiti Global Markets Review

Equiti Global Markets (EGM) is an online forex broker that was founded in 2008. Its parent company is Equiti Group Ltd., which has its headquarters in Jordan. The UK’s FCA Jordan’s JSC and Kenya’s CMA regulate the company. It is also licensed by Dubai’s DMCC and it is regulated by the territory’s SCA. It has offices in the US, UK, UAE, Kenya, Armenia, Jordan, and New Zealand. Overall, EGM is a highly regulated broker that offers great customer protections.

Equiti Global Markets Account Types

The broker offers traders two account types, which are the Executive and Premier Accounts.

• Executive

The Executive account comes with a minimum forex spread of 1.6 pips and a minimum deposit requirement of $500. Users can make deposits in GBP, USD, EUR, and AED. They will have access to all tradable instruments, access to micro-lots, and no commission trading.

• Premiere

The Premier account comes with a minimum forex spread of 0.2 pips. Traders using the account incur a trading commission on forex and metals trading. The minimum deposit amount for this account is $20,000. Traders have access to all tradable instruments as well as access to micro-lots.

There is also a Demo Account to help users understand the FX market. The Demo Account comes with $10,000 in virtual money.

Leverage

Leverage on EGM is fixed at a maximum of 1:500 for both account types for major and minor fx pairs. Exotic pairs have access to maximum leverage of 1:50. For other pairs and shares, the leverage is further reduced. For instance, US shares have the leverage of up to 1:20, and EU and UK shares have maximum leverage of up to 1:10.

Trading Platforms

EGM gives traders access to the downloadable MT4 platform as well as a web-based interface called Equiti EQ Trader.

• MT4

The MT4 platform is a leading trading platform amongst forex and CFD traders. It offers traders an intuitive trading environment that is conducive for new and advanced traders. Traders have access to numerous features such as 50 technical indicators, numerous timeframes, automated trading using EA, and 30 advanced charting tools.

• Equiti EQ Trader

Equiti EQ Trader can be accessed using any modern web browser. It features 6 charting types, nine timeframes, 25 tools for analysis, 48 indicators, and a creation wizard for custom indicators. The platform is offered in six time zones and allows trading commodities, stocks, indices, forex, and precious metals. It also features a favorite function. It features the standard risk management tools such as stop loss and takes a profit.

EGM also comes with a mobile app for iOS and Android devices. The login details for the desktop portal will work for the mobile app.

Deposits and Withdrawals

Users can fund their accounts via Payment cards, wire transfer, Neteller, and Skrill. The first deposit has a minimum limit of $500. All subsequent deposits come with a minimum deposit limit of $30 except for wire transfers, which do not have a minimum deposit limit. Deposits typically take 24 hours or less to process.

Withdrawals can be made using the same methods. However, there is a fee charged on all options except for payment cards. Neteller and Skrill withdrawals are processed within one working day. Wire transfers can take 3-5 days while payment cards take 5-14 days to process.

Customer Support

Customer support on EGM is offered 24/6 via live chat, phone, and email. It is available in multiple languages such as English, Arabic, and Swahili.

Summary

EGM offers traders access to a wide array of trading instruments. It is highly regulated and the platform is highly intuitive. Traders looking for a great FX broker, no matter their level of experience, will love Equiti Global Markets.